The standard for determining who’s a joint employer has changed, due to a final rule from the National Labor Relations Board (NLRB). The current NLRB rule, put in place in 2020 under the Trump administration, says that businesses will be…
Payroll
Confirming when federal legal and banking holidays will occur in 2024 can help you avoid surprises on paydays, tax deposit due dates and reporting deadlines. Of course, state and local dates are key, too. Finally, adding employer-provided paid holidays into…
Because of the American Rescue Plan of 2021, more companies and gig workers will be receiving Form 1099-K, Payment Card and Third Party Network Transactions, starting with tax year 2023. If you received gross payment transactions totaling more than $600…
The cost of being a federal contractor is going up for 2024 due to a minimum wage increase. There's legal pushback in some parts of the country, though. The Department of Labor (DOL) released two notices on September 28, 2023,…
If any employees sustain injuries and can’t work, your company may end up compensating them. If so, take the time to double-check entries on Form W-2. Payments to injured employees may be taxable or nontaxable income based on various factors.…
Heads up: Two pieces of legislation would provide more health savings account (HSA) flexibility for employees, increasing the value of this benefit. On September 28, 2023, the House Ways and Means Committee approved both bills. Here are some highlights from…
Most employers give out annual pay raises, according to a new survey. However, the increase isn’t enough to keep up with inflation. The survey, Getting Paid in America, is released each year by PayrollOrg (formerly the American Payroll Association). In…
Now more than ever, businesses should be prepared to understand and handle union contracts. The reason? A new ruling from the National Labor Relations Board (NLRB) just paved the way for employees to unionize without an election. According to the…
IRS has given employers two extra years to implement a Secure 2.0 Act provision that's bringing tax changes for certain retirement plan catch-up contributions. Section 603 of the Secure 2.0 Act says that if employees whose wages exceed $145K in…
A proposed change to overtime eligibility by the Department of Labor is causing a fair share of angst for many employers. Companies in the manufacturing and retail sectors will be impacted most. The Biden administration is calling for a roughly…
B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup withholding or fielding calls from unhappy vendors about the reduced payments. It should come as no surprise…
It's not a coincidence that National Payroll Week is always the same week as Labor Day. This year, it's September 5-9. In an interview, 40-year payroll industry veteran James Paille, CPP, and the director of compliance for IRIS Software Group,…
